Daily Buzz
JEERAJeera prices closed higher by 3.96 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for December 2014 contract closed at Rs. 12,860 per quintal, up by 3.96 percent, after opening at Rs. 12,420 against the previous closing price of Rs. 12,370. It touched the intra-day high of Rs. 12,860. Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
CHANA
Chana prices closed lower by 0.89 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for December 2014 contract closed at Rs. 2,992 per quintal, down by 0.89 percent, after opening at Rs. 3,040 against the previous closing price of Rs. 3,019. It touched the intra-day low of Rs. 2,992. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
Chana prices closed lower by 0.89 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for December 2014 contract closed at Rs. 2,992 per quintal, down by 0.89 percent, after opening at Rs. 3,040 against the previous closing price of Rs. 3,019. It touched the intra-day low of Rs. 2,992. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
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